Trade Setup: EUR/GBP – 28 Sep 2016

28 Sep 2016
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28-sep-2016-eurgbp

Candle Stick Pattern: Evening Star at (1)
Confirmation:

  • Touched outer band of Bollinger Band at (1).
  • Stochastic overbought range at (2).
  • Retesting previous resistance at (4).
  • High volume at last bar also confirming the direction.

Signal: SELL
Entry Point: 0.8617
SL: 0.8717 (100 pips) (Highest high of the 3 candlestick)
TP: 0.8352 (265 pips) (Recent support level)

[UPDATE 1 – 29 Sep, 2016]

28-sep-2016-eurgbp-cont

Trade closed on Break-even as spinning top representing confusing market.

 

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